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Oct 7, 2012 7:30pm EDT
a little education and coaching, we can really make a difference in their financial lives. >> this is important because i think you go along in your career and you think, okay, i'm fine. i have money in savings and retirement. next thing you know you turn around and you are 50 and thinking, wait a second, do i have time to retire? do i have the right tools in place? >> absolutely. time does go by. of course we were talking about how we feel 25 years old, but that is always why we want to get the word out to get people to start saving younger. at 50, 60 years old it is not too late. that's why we created the program with aarp. we had an elderly woman who is single living off social security and she learned she can get a credit report for free and saved $25 a month and she made it automatic with her bank. the bottom line is we have time and there is opportunity to creation a cushion for ourselves. >> a large percentage of the long-term unemployed are workers. talk to us about that. what are the challenges for the 50-plus age group? >> first of all, living within your means. talk abou
Sep 30, 2012 7:30pm EDT
schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. sheila bair was the chairman of the federal deposit insurance corporation from 2006 to 2011. charged with guaranteeing the stability and public confidence of the nation's financial system. a tough job in the midst of the 2008 financial crisis. today she's the author of "bull by the horns: fighting to save main street from wall street and wall street from itself." sheila, great to have you on the program. welcome. >> thank you for having me. >> when it comes to the $700 billion bank bailout four years ago, you write in your book "to this day i wonder if we overreacted." was it too much. >> i think it was too much. it was misdirected. shared a lot of money with large financial institutions and made sure they maybe profitable but not enough on restructuring mortgages and foreclosure prevention. >> do you think it was this panic that was going on that you just felt everybody needed money toward the banks
Search Results 0 to 3 of about 4 (some duplicates have been removed)